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Project Management Fundamentals

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Questions and Answers

What does the term 'Built Environment' refer to?

Buildings, structures, and surrounding infrastructure (correct)

Only structures

Natural landscapes

Only buildings

Why is project management increasingly important in business?

To increase the number of stakeholders

To reduce the need for project planning

To decrease project complexity

To improve project efficiency and success rates (correct)

What does the project life cycle involve?

All stages from planning to closing (correct)

Only project execution

Only project monitoring and control

Only project initiation

Why is it essential to understand the different meanings of project success?

To align project goals with stakeholders' expectations Signup and view all the answers

In what way does the Built Environment influence daily lives?

By reflecting cultural, economic, and environmental aspects Signup and view all the answers

What are some essential elements for driving project success?

Effective risk management, good quality control, continual improvement Signup and view all the answers

In project management, which phase involves creating a unique product, service, or result within defined timelines and budget?

Execution Signup and view all the answers

Which criteria are commonly used to measure project success?

Quality, cost, safety Signup and view all the answers

What is critical to the success of projects in terms of bringing profits and competitive advantages to organizations?

Continuous improvement efforts Signup and view all the answers

Which of the following is NOT an essential element driving project success according to the text?

Strong stakeholder involvement Signup and view all the answers